GSA Capital Partners LLP Sells 5,398 Shares of Lam Research Corporation $LRCX

GSA Capital Partners LLP reduced its stake in Lam Research Corporation (NASDAQ:LRCX) by 57.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,926 shares of the semiconductor company’s stock after selling 5,398 shares during the quarter. GSA Capital Partners LLP’s holdings in Lam Research were worth $526,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Lam Research by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 130,974,214 shares of the semiconductor company’s stock valued at $17,537,447,000 after buying an additional 364,949 shares during the last quarter. State Street Corp boosted its holdings in Lam Research by 1.1% during the second quarter. State Street Corp now owns 59,551,547 shares of the semiconductor company’s stock valued at $5,810,172,000 after acquiring an additional 629,666 shares during the period. JPMorgan Chase & Co. grew its position in shares of Lam Research by 14.4% in the second quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock valued at $3,954,188,000 after purchasing an additional 5,102,589 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Lam Research by 3.5% in the second quarter. Geode Capital Management LLC now owns 33,802,736 shares of the semiconductor company’s stock worth $3,280,484,000 after purchasing an additional 1,135,405 shares during the period. Finally, Norges Bank acquired a new position in shares of Lam Research during the 2nd quarter worth about $1,894,585,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Stock Down 1.1%

LRCX opened at $242.27 on Tuesday. The company has a market capitalization of $302.54 billion, a P/E ratio of 49.65, a P/E/G ratio of 2.63 and a beta of 1.78. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61. The firm’s fifty day moving average price is $210.67 and its two-hundred day moving average price is $161.76. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $251.87.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The company had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.23 billion. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period last year, the firm earned $0.91 EPS. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. On average, analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 4th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Wednesday, March 4th. Lam Research’s dividend payout ratio is currently 21.31%.

Insider Activity

In other news, Director Eric Brandt sold 35,000 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $225.60, for a total value of $7,896,000.00. Following the completion of the transaction, the director directly owned 253,705 shares of the company’s stock, valued at approximately $57,235,848. This represents a 12.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on LRCX. HSBC raised their target price on Lam Research from $181.00 to $221.00 and gave the company a “hold” rating in a report on Friday, January 30th. Citigroup boosted their target price on shares of Lam Research from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Bank of America upped their target price on shares of Lam Research from $195.00 to $245.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Cantor Fitzgerald restated an “overweight” rating and issued a $320.00 price target (up from $265.00) on shares of Lam Research in a research report on Thursday, January 29th. Finally, Argus boosted their price objective on shares of Lam Research from $175.00 to $280.00 in a report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $244.88.

Lam Research Profile

Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.